A PhD will be best for a career as an academic and an MBA will be better for management. Scholarships have different criteria. Generally, you get a scholarship by being a much higher quality candidate than the vast majority of admitted candidates. 

This is worth reading:<div><br></div><div>https://find-mba.com/articles/mba-full-tuition-scholarships-myth-or-reality<br></div><div><br></div><div>It's pretty rare for students to get full funding.</div><div><br></div><div>I would think that a PhD with a great research proposal *should* have better access to funding in terms of the total percentage of program cost.</div><div><br></div><div>All other things being equal, MBA students (at ranked schools) probably have proportionally less of the cost offset through scholarships vs PhDs, but should anticipate making more $$$ after graduation. ROI will be different.&nbsp;</div>

More accurately, the MBA has an RoI, whilr a PhD does not.&nbsp;